India’s fuel demand plunges in May on COVID-19 lockdowns – data
Indian state refiners’ daily gasoline and gasoil sales declined by about a fifth in May from a month earlier as lockdowns to curb the second deadly wave of COVID-19 hit industrial activities and consumption, preliminary data showed on Tuesday.
Daily gasoline sales in May fell by about 19% from April while diesel consumption, which is linked to industrial activity and accounts for over two-fifths of India’s fuel demand, fell by 19.9%, data compiled by state refiners showed.
India’s factory activity growth slowed significantly in May as a rise in coronavirus cases whacked new orders and output, the Nikkei Manufacturing Purchasing Managers’ Index compiled by IHS Markit showed on Tuesday.
Reuters
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A labourer welds an iron pillar at a building material factory in an industrial area in Dasna, in the central Indian state of Uttar Pradesh, India, January 9, 2019. REUTERS/Adnan Abidi
Indiaâs factory activity growth slowed significantly in May as an escalation in coronavirus cases whacked new orders and output while scarcity of raw materials drove up input costs, a private sector survey showed on Tuesday.
Although daily infection rates have started falling in the past few days there are concerns about underreporting of cases due to a dearth of testing in rural areas.
India has already reported around 28 million coronavirus cases and over 300,000 deaths, leading many states to impose restrictions affecting economic activity.
Daily gasoline sales in May fell by about 19% from April while diesel consumption, which is linked to industrial activity and accounts for over two-fifths of India s fuel demand, fell by 19.9%, data compiled by state refiners showed.
Manufacturing Activity Growth in May at Its Lowest Since July 2020 as Demand Fell: PMI
India factory activity growth slowed significantly in May as a surge in coronavirus cases hit new orders and output while scarcity of raw materials drove up input costs.
File Photo: Labourers load steel rods onto a truck at a steel factory on the outskirts of Jammu July 12, 2012. Credit: Reuters/Mukesh Gupta/File Photo
Government8 hours ago
India‘s factory activity growth slowed significantly in May as an escalation in coronavirus cases hit new orders and output while scarcity of raw materials drove up input costs, a private sector survey showed on Tuesday.